Crestwood, Edmonton - September 2026 Real Estate Report

Crestwood Real Estate Update: Your Home Is Worth More Than the City Thinks

If you own a home in Crestwood and you have not checked your HonestDoor Price lately, now is the time. The city's assessment says your house is worth around $1,031,690. The HonestDoor Price says $1,138,071. That is a $106,381 gap - and that gap matters when you are making decisions about selling, refinancing, or just knowing where you actually stand.

The Vibe: What Is Actually Happening in Crestwood Right Now

Crestwood sits in the top tier of Edmonton neighbourhoods by price - ranked 7th out of hundreds for average assessed value. We are not a cheap street. But the market right now is sending a few mixed signals, and it is worth breaking them down by property type so we know what we are actually dealing with.

Houses: Big Prices, Slow Sales

The headline number looks great. The average house sale price hit $1,424,833 this period - up 28.9% from last month. But before anyone pops a bottle, here is the reality check: only 6 houses sold, and they sat on the market for an average of 328 days. That is nearly a full year. Crestwood houses rank dead last in Edmonton for days on market - 112 out of 112. Buyers are out there, but they are taking their time.

• Average house sale price: $1,424,833 (up 28.9% from last month)
• Price per square foot: $1,017
• Sale-to-list ratio: 96% - buyers are negotiating below asking
• Average days on market: 328
• Properties sold this period: 6 (up 50% from last month)
• Predicted market value (HonestDoor): $1,172,214
• Estimated monthly rent: $4,542 with a rental yield of 4.70%
• Growth rank: 163 out of 291 Edmonton neighbourhoods

The sale-to-list ratio of 96% tells us buyers have leverage. They are not paying full price. If you are a seller, pricing sharp from day one is not optional - it is the strategy. Sitting at an inflated list price is exactly how you end up in that 328-day average.

Condos: Small Sample, Solid Signals

The condo side of Crestwood is a different story. Only 1 condo sold this period, so we are working with a thin data set - but the signals are encouraging. That unit sold at exactly 100% of list price. No negotiating, no discounts. It also sold in 22 days, which is faster than nearby West Jasper Place at 28 days. For a neighbourhood known for its detached homes, that kind of condo demand is worth noting.

• Average condo sale price: $445,000
• Current average listing price: $479,000
• Price per square foot: $380
• Sale-to-list ratio: 100% - a balanced, stable market
• Average days on market: 22
• Predicted market value (HonestDoor): $493,869 (trending up vs. 3-month average of $489,663)
• Estimated monthly rent: $2,466 with a rental yield of 3.87%
• Growth rank: 88 out of 302 Edmonton neighbourhoods - above average
• Days-on-market rank: 17 out of 112 - very fast-selling

Crestwood condos rank 15th out of 216 Edmonton neighbourhoods by price. That is elite territory. And with values ticking up 0.60% recently and the predicted value climbing above the 3-month average, the condo side of this neighbourhood is quietly doing well.

The Secret Sauce: Why Your HonestDoor Price Beats the City Assessment Right Now

Here is the thing about Edmonton's official property assessments: they are a snapshot from the past. The city collects data, runs its numbers, and by the time that assessment lands in your mailbox, the market has already moved. In Crestwood, it has moved significantly.

The average city assessment for a Crestwood property sits at $1,031,690. The average HonestDoor Price is $1,138,071. That is 10.31% higher - and it reflects what buyers are actually paying right now, not what an algorithm calculated months ago. For houses specifically, the HonestDoor predicted value comes in at $1,172,214. If you are using your assessment to make any financial decision - a home equity line, a listing price conversation with your agent, an estate valuation - you could be working with a number that undersells you by six figures.

The HonestDoor Price updates in real time. It pulls from actual transaction data, current market trends, and comparable sales. Think of it as the real-world check against a static government number.

The So What: Should You Sell in Crestwood This Summer?

If you own a house in Crestwood and you are thinking about selling, here is the honest take. Prices are high - top 10 in all of Edmonton. Demand exists. But buyers are patient and they are negotiating. The 96% sale-to-list ratio and the 328-day average days on market tell us this is not a market where you can overprice and wait it out. The sellers who win this summer will be the ones who price accurately from day one and let the neighbourhood's prestige do the heavy lifting.

Neighbourhood growth is modest at 0.06% year over year, and the house growth rank of 163 out of 291 puts us in the middle of the pack on that front. Nearby West Jasper Place and Grovenor are both growing faster - though they are also significantly cheaper. We are not a growth play right now. We are a quality and prestige play. Price accordingly.

If you own a condo, the picture is brighter. Values are trending up, units are moving fast, and you are sitting in the top 15 by price in the entire city. If you have been on the fence, this summer looks like a reasonable window.

• Crestwood house price rank in Edmonton: 6 out of 285 - near the top
• Crestwood condo price rank in Edmonton: 15 out of 216 - near the top
• Total neighbourhood transactions in 2026: 46
• Total properties assessed: 820
• Neighbourhood growth year over year: 0.06%
• Average Airbnb estimate: $221 per night (ranked 21st in Edmonton)

Bottom line - Crestwood is one of Edmonton's most expensive and established neighbourhoods. The city's assessment is not keeping up with what your home is actually worth. Check your HonestDoor Price, know your real number, and if you are selling this summer, price it right and move with confidence.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.